HUMAN RESOURCE MANAGEMENT IN GLOBAL CONTEXT

 

Suneth Sigera

4/16/2024

 

AI in Human Resource Management

 What is the AI?

The Science of making machine that can think like human. It can do things that are considered "smart." AI technology can process large amounts of data in ways, unlike humans. The goal for AI is to be able to do things such as recognize patterns, make decisions, and judge like humans. (Online)

        Figure 1- What is the AI

How the HRM Engage with AI?

While the human resources (HR) function is necessary for the efficient staffing of most companies, most of the work tends to be repetitive: a never-ending stream of resume hunting, reference checking, job postings, interviews and follow-up. As with any rote tasks, there is significant opportunity for automation, thanks to AI. By Tracey E. Schelmetic July 28, 2023

How AI can add value to Human Resource Management.

As more and more functions are automated with technologies like artificial intelligence, the jobs that still require human involvement are becoming more valuable and harder to fill. This is making the work of enterprise HR teams riddled with challenges. A recent survey of HR professionals revealed that the biggest of their challenges included finding high-quality candidates, retaining their best talent, and increasing employee engagement and retention.(Online)

        Figure 2- How AI can connect with HTRM? 

Few ways that HR teams can use artificial intelligence

1. Recruitment Automation

Enterprises receive huge volumes of job applications on a daily basis. It is the job of the HR team to pore through the applications to find and sort the best candidates that can meet the enterprise’s needs. AI tools can be used to filter the most irrelevant and unqualified candidates by looking for key data points like education, experience, and willingness to relocate.

2. Performance Analysis

With the help of artificial intelligence-enabled HR automation, enterprises can assess the performance of individual employees in a highly detailed and personalized manner. AI can be used to objectively assess employees’ performance across multiple data points and help them to identify ways for improving their contribution to the organization.

3. Reporting Automation in HR

With the help of reporting automation, HR teams can generate standardized reports using raw information from spreadsheets and other analytics tools. Thus, the use of reporting automation in HR can not only save the time spent by HR personnel in manual data entry but also eliminate clerical errors, leading to fewer compliance risks. Thus, NLG-based reporting automation in HR can help by ensuring compliance with both internal processes and external regulations.

4. Employee Development

Employees stay longer with enterprises and are more engaged when provided with opportunities to grow and develop. AI can be used to identify the potential growth areas for individual employees and plan their training and development based on their function, strengths, weaknesses, and the enterprise’s future skill requirements.

 Figure 3- How HRM can use AI?

Conclusion

With the job market evolving at a rapid pace, the work of HR managers will only get harder as time passes. Moreover, the competition among employers to acquire the best talent available will only get tougher.

Enterprises that follow a reactive approach toward HR management will continue to fall behind those that take a more proactive approach. And the first step towards taking a proactive approach is adopting technologies like artificial intelligence for HR automation. https://phrazor.ai/

        Figure 4 - Collusion

References

https://phrazor.ai/

https://www.futureofworknews.com/

https://www.leewayhertz.com/

Figures

Figure 1- What is the AI

Figure 2- How AI can connect with HTRM? 

Figure 3- How HRM can use AI?

Figure 4 - Collusion